Fmr LLC Has $27.42 Million Position in LexinFintech Holdings Ltd – (LX)
Fmr LLC boosted its position in shares of LexinFintech Holdings Ltd – (NASDAQ:LX) by 254.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,782,056 shares of the company’s stock after acquiring an additional 2,715,988 shares during the period. Fmr LLC’s holdings in LexinFintech were worth $27,420,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in LexinFintech by 106.7% during the fourth quarter. Barclays PLC now owns 18,200 shares of the company’s stock valued at $132,000 after buying an additional 9,393 shares during the period. Marshall Wace North America L.P. purchased a new position in LexinFintech during the third quarter valued at $149,000. Bank of Montreal Can lifted its holdings in LexinFintech by 10.2% during the fourth quarter. Bank of Montreal Can now owns 20,770 shares of the company’s stock valued at $151,000 after purchasing an additional 1,920 shares in the last quarter. Geode Capital Management LLC purchased a new position in LexinFintech during the fourth quarter valued at $292,000. Finally, Raymond James & Associates lifted its holdings in LexinFintech by 20.1% during the fourth quarter. Raymond James & Associates now owns 47,584 shares of the company’s stock valued at $345,000 after purchasing an additional 7,970 shares in the last quarter. Institutional investors own 8.78% of the company’s stock.
LX opened at $13.33 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 8.33 and a beta of 2.15. LexinFintech Holdings Ltd – has a 52-week low of $6.48 and a 52-week high of $18.34.
Several research firms have issued reports on LX. ValuEngine downgraded shares of LexinFintech from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. LexinFintech currently has a consensus rating of “Buy” and an average price target of $14.50.
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LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.
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